Ok i know i apply in sharholder category but where its from available ? Means public issue ipo from or different from for shareholder category? Second my phon no is register in 3 demet account so eny problem for public issue share allotement because somtimes we have no any allotment in ipo in my three account.
I have icici bank share of my mother name and from public issue of icici bank.icici prudential share resarvestin of icici bank shareholder.my share allredy demet account in issue time of my mother demet account .i want apply icici prudential share in bank shareholder catagory .where are application me? And in my mother demet account no register email so any quiry of do application inpublic issue.and my phone no register in my and my mother account means 1 phone no register in 2 account .i saw last some time i apply any public issue but no alloted any share .sir i do not know , if can my email or phone no query problem in public issue .
“There is a strong appetite for the IPO and the anchor book is already oversubscribed. There are a handful of investors who want to buy stakes worth up to $100 million. The demand from US-based investors is very high,†he said.
A second person said the insurer is likely to be valued at between Rs.45,000 crore and Rs.48,000 crore, based on discussions with investors during the roadshows.
The public offer comprises sale of 181.34 million equity shares of ICICI Prudential Life, representing about 12.65% of the equity capital, through an offer for sale by ICICI Bank, according to the draft filing. Prudential will not dilute its stake.
Investment banks ICICI Securities Ltd and Bank of America Merrill Lynch have been hired as the Tier-I banks to manage the share sale.
Bank of America Merrill Lynch declined to comment. ICICI Prudential Life Insurance and ICICI Securities did not respond to emails.
The other banks hired to manage the share sale are CLSA India Pvt. Ltd, Deutsche Equities India Pvt. Ltd, Edelweiss Financial Services Ltd, HSBC Securities and Capital Markets (India) Pvt. Ltd, IIFL Holdings Ltd, JM Financial Institutional Securities Ltd, SBI Capital Markets Ltd and UBS Securities India Pvt. Ltd.
In November, ICICI Bank sold 6% stake in the life insurance company in a transaction that valued the insurer at Rs.32,500 crore. Of this, 4% was acquired by billionaire PremjiInvest and its affiliates. The remaining 2% was bought by Compassvale Investments Pte. Ltd, a wholly-owned unit of Temasek Holdings.
I agree. This is 12.65% issue leading to 6000+ Cr ( at maximum ), which itself means valuation of 47000 Cr or so. The HDFC + Max combine is getting valued at 67000 Cr approx. This justifies I Pru valuation and also leaves something on the table for investors. Being a large issue, allotment economics will play a role - but I understand in investor world, there is a much positive bias
those of you who are applying under shareholder quota, can get full and firm allotment. 10% reservation is quite big in this issue... Discl: going to apply under shareholder quota
HNIs will make a killing; they will invest from retail accounts after offering them lollipops. Plus, they would have bought ICICI share also as the prospectus was in public domain since long (only date was not fixed). This might be reason for upswing in ICICI''s price for last 2 weeks
Icici is cheater and have made hugh n/w of buyers in GmP that will push demand higher and higher so no chance of price band less.or gmp )on accounting of kostak sell, but i would like to assure u , u won''t see high of listing day again ( atleast for 4 mnths)
It looks like there is some confusion in previous posts and notification from ICICI bank regarding shareholder quota on maximum amount existing ICICI shareholders can apply for.
My understanding is, those who applies in shareholders quota upto Rs. 2 Lacs can also apply in Retail or HNI category in Normal quota. however if one applies in shareholders` quota for more than Rs. 2 Lacs cannot apply in retail or HNI category in Normal category.
Am I missing something here ? I am not an expert here so please feel free to correct me if my understanding is wrong.
152.1. CLD| Link| Bookmark|
September 10, 2016 11:28:18 PM
Top Contributor (500+ Posts, 100+ Likes)
Apply for one lot in each category. It is the best strategy in all circumstances.
You are absolutely right. In case someone apply for more than 200000 in shareholder category and further apply in any other category, then his/her both application will be treated as multiple bid and summarily rejected. But if some one applies in shareholder quota upto Rs. 200000 and further applies in other categories say either retail or HNI, his/her both application will be treated separately and both would be eligible for allotment.
how to apply for existing shareholder allotment upto 2lakhs , through brokers or we have to approach directly to icici pru office. or is there is any spl forms /application kindly help me apply (i just asked my broker he said he has no exp in these) experts kindly help me the same. thnks in advance
In case you apply online ASBA there will be an additional category of existing share holder which you can select and apply. Just wait till the ipo starts.
This can be a first time that an issue will be undersubscribed appwise in retail portion. Allottement can be like.. Suppose there are 10 lakhs applications, then all applicants will get minimum one lot, and after that, the remaining shares(14,42,485lots -10,00,000 lots=4,42,485 lots ×44=1,94,69,340shares) will be allotted proportionately to those who have applied for more than one lot as per their bid size.
Safer option will be to make a price bid @ 300 or 305.
147.3. Chem cho| Link| Bookmark|
September 10, 2016 8:15:47 PM
IPO Guru (2500+ Posts, 2700+ Likes)
RETAIL Investors should avoid subscription on the last day ,so that the management is forced to extend the date and reduce the issue price below Rs 300 as perviously mentioned before the issue price was announced
Today i got an offical mail from icici bank reg: retail participation i have been holding icici bank share for the past 10 + years. i would like to invest around 1lakhs, i dont know how to apply in retail category kindly guide me. is there tentaive date to apply retail category thnks in advnce